Thursday, September 3, 2009

#20.5 #19.7 on AudUsd (P)

#20.5 Third touch on AU TL
#19.7 Short at the TOP of ascending Triangle

Tips #19.7 :
Such a trade cannot be turned into a longer term position with technical targets located outside of a one-day trading range. Usually true reverse can be expected if the market fails to reach support of a descending channel or a resistance of a ascending one. So the trade described in this template is a counter trade against the current trend, and the profit better be taken as soon as possible.

Short @ 0.8412 (abit late)



TP @ 0.8378 due to bottom of the channel (abit early, should've TP at 0.8365)

No comments:

Post a Comment